US Dollar Drops Since Email Trump

The US dollar fell to a one-week low against a basket of major currencies at the end of trading early on Wednesday (12/07), after US President Donald Trump's eldest son released an email chain mentioning Russian support for his father before the U.S. election. last year.

Donald Trump Jr. said a Russian prosecutor offered his father's presidency campaign that weighed information on Democrat Hillary Clinton's rival as part of Russian government support, according to an email chain he released on Tuesday.

The dollar index, which measures the greenback against six major rivals, turned negative on today to fall to a one-week low of 95,673. The index was down 0.28 percent at 95.75.

U.S. Senate Party Leader Mitch McConnell said on Tuesday that the Senate will vote on a bill to roll back Obamacare next week and then move on to other legislative businesses.

Investors are also awaiting testimony of the US Federal Reserve's semi-annual monetary policy Janet Yellen on Wednesday and consumer inflation data on Friday.

Meanwhile, Fed Governor Lael Brainard said the Fed should immediately start reducing its balance sheet, as long as the economic data on jobs and growth in the U.S. last. After a current account reduction, he will assess inflation before deciding on further rate increases, he said.

The dollar, which touched a four-month high against the Japanese yen early in the session, was triggered by a rise in US government bond yields. Which has recently reversed its direction to virtually unchanged. The euro rose to a one-year high of $ 1.1475 before falling 0.03 percent to $ 1.1462.

US Dollar Drops Since Email Trump
Canadian dollar slips against U.S. dollar As traders awaited a rate-hike decision by the Bank of Canada on Wednesday.

US Dollar Strengthens Against New Zealand Dollar Due to U.S. Returns The rising, soft commodity prices and disappointing reports on domestic credit card spending prompted investors to escape kiwi assets.

Sterling fell to an eight-month low against the euro after Bank of England Deputy Governor Ben Broadbent refused to support the latest directives from other central bank policy makers who advised him to move up interest rates.US Dollar Drops Since Email Trump

Analyst Vibiz Research Center estimates the US dollar will scrutinize Fed Chairman Janet Yellen's speech, which if it provides support for the strengthening US economy, will lift the US dollar.